With Congress taking a rushed vote to "fix" mortgage markets, guess what? Interest Rates are not responding positively for consumers. Why would this be?
Second, the politics of the moment make for strange bed-fellows of the President and Democrats, with Republicans being the sole holdouts suggesting this is being rushed.
Third, the market was already correcting, and banks were beginning to find capital and equity infusions needed. The biggie is eliminating some stupid regulations that caused profitable banks to have to shut down.
Fourth, what's the biggest indicator of price? Demand increasing. Home buyers are beginning to get back out into the market. They can't wait any longer, frankly 18 months was too long for some people to wait.
If you're back in the market, call me, I'd like to provide some real estate and finance coaching in your search for the perfect Northwest Indiana home for your family.